fbpx

SREI Equipment Finance Ltd NCD Dates, Size, Allotment, Subscription, RHP & more

Let’s have a detailed review of the company and analytics of the SREI Equipment NCD release date, NCD issue size, subscription, SREI Equipment Finance Ltd NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.

SREI Equipment Finance Ltd NCD – August 2018 Detail

Credit RatingBWR AA/Negative, Acuite AA-/Stable
Issue OpenAug 19, 2019
Issue CloseSeptember 18, 2019
Issue Size (Base)Rs 1,000 million
Issue Size (Shelf)Rs. 14,000 million.
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Tenor400 days/ 2 year/ 3 year/ 5 year
SeriesSeries I to Series X
Payment FrequencyMonthly, Quarterly and Annual
Basis of AllotmentFirst Come First Serve Basis

SREI Equipment Finance Ltd NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameSREI Equipment Finance Ltd
Security TypeSecured, Non-Convertible Debentures and Unsecured NCDs
Coupon payment frequencyMonthly, Quarterly and Annual
Coupon typeFixed
Tenor400 days/ 2 year/ 3 year/ 5 year
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeAxis Trustee Services Limited

SREI Equipment Finance Ltd NCD Dates

The opening and the closing date of SREI Equipment Finance Ltd NCD is Aug 19, 2019 to September 18, 2019.


SREI Equipment Finance Ltd NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day: till Aug 29, 20190.00x0.00x0.15x0.09x
10th – 20th Day: till Sep 11, 20190.01x3.00x0.93x1.16x
20th – 30th Day: till
Shares Offered or Net Issue200,000200,000600,0001,000,000

The shares subscribed by the public will be updated here.


SREI Equipment Finance Ltd NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


SREI Equipment Finance Ltd NCD Share Offering

Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.

SREI Equipment Finance Ltd NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 120%
NII – Category 220%
Individual – Category 360%

SREI Equipment Finance Ltd NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1200,000
NII – Category 2200,000
Individual – Category 3600,000
Total NCD’s1,000,000

SREI Equipment Finance Ltd NCD Coupon Rates

SeriesIIIIIIIVVVIVIIVIIIIXX
Frequency of Interest PaymentN.A.QuarterlyAnnualN.A.MonthlyAnnualN.A.MonthlyAnnualN.A.
Nature of Instruments Secured NCD
Tenor from Deemed Date of Allotment1 year 1 month2 Years3 Years5 Years
Minimum ApplicationRs. 10,000/- (10 NCDs) across all Series collectively
Face Value/Issue Price of NCDs (Rs. / NCD)Rs.1,000/-
In Multiples of (Rs. ) thereafterRs.1,000/- (1 NCD)
Coupon (% per annum) for Category I, Category II & Category III Investor(s)NA9.88%10.25%NA9.95%10.40%NA10.15%10.65%NA
Effective Yield (per annum) for Category I, Category II & Category III Investor(s)10.01%10.24%10.37%10.26%10.41%10.48%10.40%10.62%10.69%10.66%
Mode of Interest PaymentThrough various modes available.
Amount (Rs. /NCD) on Maturity for Category I, Category II & Category III Investor(s)1,1091,0001,0001,2161,0001,0001,3461,0001,0001,660
Tenor1 Years 1 month2 Years3 years5 years

SREI Equipment Finance Ltd NCD Issue Object

These are the NCD Issue Objects of the company

  • For the purpose of lending/ repayment of loan – minimum 75% of the Net Proceeds of the Tranche 1 Issue.
  • For General Corporate Purposes – up to 25% of the Net Proceeds of the Tranche 1 Issue. The unutilized amount if any will be used for purpose of lending/ repayment of loan.

SREI Equipment Finance Limited – Company Overview

SREI Equipment Finance Limited NCDThey are the leading financier in the Construction, Mining and allied Equipment (“CME”) sector in India, with an approximately 33.00% market share in Fiscal 2018 (Source: Feedback Reports). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities. Their product offerings include loans, for new and used equipment, and leases.

In more than 27 years of their Group’s operations, they have demonstrated clear market differentiation through their holistic approach to providing equipment financing solutions (Source: Feedback Reports). This approach covers the value chain in the equipment life cycle by providing financing to and sustaining continuous engagement with customers across equipment procurement, deployment, maintenance and exit stages.

The equipment-centric services they provide include preferred financing schemes offered by them in conjunction with Original Equipment Manufacturers (“OEMs”), equipment deployment assistance during project downtime, spare parts financing, exchange programme financing and used equipment financing.


SREI Equipment Finance Ltd NCD Lead Managers

Lead Managers
IIFL Holdings Limited

Tipsons Consultancy Services Private Limited

Edelweiss Financial Services Limited

Trust Investment Advisors Private Limited


SREI Equipment Finance Ltd NCD Debenture Trustee

Debenture Trustee
Axis Trustee Services Limited
Axis House, Bombay Dyeing Mills Compound
Pandurang Budhkar Marg, Mumbai 400 025
Tel: +91 22 6230 0451
Fax: -Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.axistrustee.com
Contact Person: Chief Operating Officer
Compliance Officer: Ms Kadiyala Krishna Kumari
SEBI Registration No.: IND000000494

SREI Equipment Finance Ltd NCD Registrar to offer

Registrar to the Offer
Karvy Fintech Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli
Financial District, Nanakaramguda,
Hyderabad – 500 032
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.karisma.karvy.com
Contact Person: Mr. Murali Krishna M
Compliance Officer: Mr. Rakesh Santhalia
SEBI Registration No.: INR000000221

SREI Equipment Finance Ltd NCD Ratings

The NCDs proposed to be issued under this Issue have been rated “BWR AA+” (Outlook: Stable) by Brickwork Ratings India Private Limited (“BRICKWORK”) pursuant to letter dated April 12, 2017 and further revalidated by letters dated October 11, 2018 and November 28, 2018 and “ACUITE AA+/Stable” by ACUITE Ratings Limited (“ACUITE”) pursuant to letter dated April 06, 2017 and revalidated by letters dated September 18, 2018, October 9, 2018 and December 03, 2018.

Instruments with a rating of ‘BWR AA+” (Outlook: Stable) by BRICKWORK and “ACUITE AA+/Stable” are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.


SREI Equipment Finance Ltd NCD News

News 1 – Download RHP Prospectus


Market Guide

What is NCD?
NCD Investment
Upcoming NCDs
 NCD Valuation

Featured Topics

Best Discount Broker in India
Top 10 Sub Broker Partner in India
Best Stock Broker in India
Sub Broker Franchise
Best Demat Account
Brokerage Calculator
Best Full Service Broker in India
Broking Franchisee
 Best Intraday Trading Brokers in India

Leave a Reply

Your email address will not be published. Required fields are marked *

Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!

  1. Become Sub Broker

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat Account

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPO

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMS

Offer valid for limited time.